Review on Melecoin by Paul Maduagwu
$MELE is not convincing enough.
$MELE is an Ethereum token. Its white paper is really complicated, loaded with a lot of plans and usecases, most not achieved yet. At the time of writing this review, a major usecase of the coin is for making payments.
It claims to solve the problem of electronic commerce and banking service through the Melecoin and their Melecoin card product. Though this isn't anything new in the crypto space, there are quite a few crypto based debit cards already in existence.
For a coin that is priced at over $1 on Coingeko website, its a bit strange why it has very little available information on Coinmarketcap. $MELE would have to compete with a lot of top cryptocurrency projects having its same usecase, before it can really get noticed.
Would I buy $MELE?
The project has a large quantity of information on their website and whitepaper, but very little quality. They do not hit the nail on the head as to why the project is really important or why we should invest.
Pros
- Ethereum token, can be stored on any ERC20 compatible wallet.
Cons
- Available on a handful of Exchanges.
- Low trading volume.
- Low social media presence.
